Tuesday, December 16, 2014

Finesse and MetricStream Form Strategic Partnership to Address GRC Requirements of GCC Organizations

December 15, 2014 | Mumbai:Finesse, a Red Herring Global Top 100 company
and winner of the ICT Software Solutions Integrator Awards, and MetricStream,
the market leader in Governance, Risk, and Compliance (GRC) Management
solutions, have announced a strategic partnership to address the unique GRC
requirements of Gulf Cooperation Council (GCC) organizations.

Volatile market conditions and competitive
pressures demand more focus on adherence to regulations, comprehensive
auditing, forward-looking risk management, and effective governance.
Organizations are just beginning to realize the rising costs, resources, and
redundancies that result from a siloed approach to managing these critical
efforts.

With increasing oversight by regulators
through new and complex regulations and guidelines coupled with the GCC
organizations’ initiatives to strengthen and improve transparency, regulatory
compliance, comprehensive risk management, and efficient governance, the need
for an enterprise-wide governance framework has assumed enormous significance.
Moreover, the Board and senior management in GCC organizations have realized that
costs associated with adhering to the complex compliance requirements have been
steadily increasing. Growing awareness to streamline compliance and risk
management processes and leverage the huge investments made on existing
disparate systems has forced organizations to look at GRC as a discipline to
address these challenges.

Through this partnership, Finesse and
MetricStream will provide scalable solutions that enable clients in GCC to
manage compliance and risk in an integrated and collaborative manner, by
leveraging the latest technologies spanning cloud, mobile, and social media.
The solutions will enable organizations to not only meet their compliance
requirements but also provide them with a platform for greater competitive
advantage through a 360° view of their risk profile in a cost efficient manner.

“We are happy to partner with Finesse,” said Anurag Jain, Senior Director, Business
Development at MetricStream. “Finesse has a strong track record of
supporting clients in the region, and partnering with them will further enable
MetricStream to provide next generation GRC solutions to organizations across
the Middle East.”

Sunil
Paul, COO, Finesse LLC added, “We
are excited to announce our partnership with MetricStream, as organizations in
the region sharpen their focus on Governance, Risk, and Compliance. This
partnership will uniquely bring together MetricStream’s world class GRC
solutions and our unrivaled support and services to organizations in the Middle
East.”

“It has become increasingly difficult to
provide to the Board and senior management, a clear and uncluttered single view
of the risk universe the organization is operating in. This joint offering is
not just a solution to ensure compliance with complex regulatory requirements
but a powerful management tool for measuring, monitoring, and controlling
risks.” said Sekhar Thodla, Strategic
Advisor to Finesse.